North Carolina

CHARLOTTE, N.C. — Beacon Partners has broken ground on a new five-story, Class A office building located at 1616 Camden Road at the corner of Camden Road and Kingston Avenue in Charlotte’s South End submarket. The property, known as 1616 Center, will feature 10,000 square feet of retail space on the ground floor and 65,000 square feet of office space on the four floors above. Construction began on Oct. 14, which included the demolition of two existing buildings on the site. The project’s construction is estimated to wrap up in the third quarter of 2015. Architect David Furman of Centro Cityworks designed the property to feature a fitness center, locker rooms, a pedestrian plaza, patio space for the restaurants and retail space on the ground floor and an executive conference room overlooking the East/West Lynx Light Rail line. Boatsman Gillmore Wagner has signed a 12,000-square-foot lease at 1616 Center. The design team includes general contractor Edifice and architect Axiom. Charles Swanson and Kristy Venning of Beacon Partners will handle leasing 1616 Center’s office space, and Aaron Ligon of Ligon Commercial Real Estate will handle leasing the project’s retail space.

CHARLOTTE, N.C. — Trinity Capital Advisors plans to develop 1000 S. Tryon St., a new 300,000-square-foot, Class A office building in Charlotte’s South End submarket. The 14-story building will be located on the gateway corner of Tryon and Morehead streets. The office building will feature retail space on the ground floor and a multifamily façade is planned for the side of the parking deck fronting Morehead Street. The project is a joint venture between Trinity Capital Advisors and Honey Properties, the long-time owner of the site. Once the asset has a committed anchor, Trinity Capital Advisors will break ground on the property with a 15-month construction schedule, according to Gary Chesson, founding partner of Trinity Capital Advisors.